Tinybuild Share Discussion Threads

[hatfullofsky] 29/6/2023 06:30

It's a terrible update, 50% down or more I expect

[disc0dave45] 29/6/2023 06:30

Ouch
And the BoD only 3 months ago said cash $26.5m at year end and their outlook was:

“All considered, the Board remains confident the Company is on track to deliver results at least in line with expectations, plus accretive acquisitions.”

The BoD are full of it. Alex still no sign of buying more shares said it all to me. I’m staying well clear.

[lennonsalive] 29/6/2023 06:16

Ouch, removed from watchlist

[lewis winthorpe] 29/6/2023 06:14

That's not a good update. Nearly bought into this at float, lucky escape. Sorry for all who did but same old story with games developers

[johndoe23] 26/6/2023 15:27

Should be july

[epicwarlock] 26/6/2023 15:23

PS, a bit of buying action today, which is a small, but encouraging reversal of the constant selling action of recent weeks

[epicwarlock] 26/6/2023 15:21

Anyone know when the next trading update is coming?The recent bump down seems to have us stuck down here meanwhile....

[disc0dave45] 21/6/2023 18:12

Broker Citi on KWS today. But according to some here, AI has nothing to do with the video gaming sector, in fact "The gaming industry has absolutely no connection to AI in the slightest and the purpose AI serves. It would be like putting electric cars and a kettle into the same bracket because they're both electrical."Citi stuck to its 'neutral' recommendation for Keywords Studios, telling clients that the risks around generative artificial intelligence struck them as "likely overstated". "For what it is worth, it strikes us that some of the concerns about the long-term risk associated with generative AI - which are oft cited as the factor behind the recent aggressive derating - are likely overstated," they said in a research note sent to clients.

[disc0dave45] 21/6/2023 15:53

Can't see how net impact is zero when on the P&L it's clearly stated that the $11.1m of non-recurring "other income" has increased their bottom line, thus earnings, by that amount, hence my comment that the core business in actuality only generated $400k.

[hatfullofsky] 21/6/2023 14:16

It’s certainly not very transparent, but I tend to focus on the operating cashflow and cash balances

[hatfullofsky] 21/6/2023 14:15

And the deferred earn out will never return. Net impact flat

[disc0dave45] 21/6/2023 07:01

$11.1m of one off non-recurring income has increased their bottom line profit, is that correct? and will not be repeated?

[hatfullofsky] 20/6/2023 21:58

It includes a $11.1m write-off of the intangibles from the Versus Evil/ Red Cerberus acquisition broadly offset by a reduction in deferred earn out payment.Write downs are a hit to the P&L, reduction in earn outs are a positive. So this statement is flat.

[disc0dave45] 20/6/2023 21:05

What's the $11.1m other operating income?

[hatfullofsky] 20/6/2023 20:08

Disco, you need to re-check your $400k calculation, it's incorrect

[epicwarlock] 20/6/2023 15:52

Sure is weird I personally feel it's worth closer to a quidObviously wish I hadn't got in at 55p and/or had put a proper stop loss onHope that patience is rewarded and see this as a great entry point at this fire sale price, albeit with the risks pointed out below. Cmon Mr, CEO put your money where your mouth is

[disc0dave45] 20/6/2023 12:01

Anger
Don’t know what your issue is tbh. This is on my watch list (has been for a while) and I will continue to post my views.
No comment I see with regards to evidence that Alex says he wants to buy shares but waiving rule 9 won’t instigate him buying despite how much the share price has crashed. Yes IMO him buying will show the market conviction and confidence in the business.
Don’t recall ever saying I’ve no interest in buying these, I’ve said why should I buy if the CEO has zero desire to purchase any despite his words. He dips into his pockets and I may do likewise…..then again I might not, my business.
So excluding “other income” which I take was and is a one off, their bottom line profit FY22 would have been $400k.
There could be 33% share dilution, IMO they are burning through cash due to excessive admin and Capex costs so need to raise more funds.
Plus there is a seller overhang, so why buy now?

[angersharkz] 20/6/2023 09:09

Disc0Dave45 - You’d have to question the mentality though of someone who’s never been invested here, has no plans of being but attempts (not very well) to point out the ‘red flags’ lol.

Wouldn’t your time be better spent worrying about companies you are invested in or have an interest in investing in?

What’s in it for you?

With regards to the company, a current market cap of now just £62m, current PE ratio of just 3.8. Operating profit up 27%, revenue up 21%, EBITDA up 10%, pre tax profit up 27%…….

Cash in the bank, should be around $26.5m at end of December 2023, accretive acquisitions in the agenda…..

Not really much else you can say

[disc0dave45] 20/6/2023 08:44

AngerThe classic response - I've never held this. Not deramping just pointing out red flags.Try posting up some company specific info / views if you can, more useful than you constantly trying to generate a pointless argument.Good luck

[angersharkz] 20/6/2023 07:36

Disc0dave45 - the day I’ve had? I’m quite happy for this to go a bit lower as I’ve bought in low anyway. I’ll happily pick up a few more sub 30p…..

You on the other hand clearly bought in extremely high and you’re now bitter that your pennies have fizzled away and you’re extremely bitter about it and you blame the CEO. Him buying more shares isn’t going to change anything.

Deramping here with unsubstantiated nonsense isn’t going to bring your money back, move on? Life’s too short.

[slopsjon2] 19/6/2023 19:25

The concert party can't take part in the vote for R6.

[disc0dave45] 19/6/2023 18:50

Should also take on board resolution 5 - Authority to allot common stock.Up to 67.3million (33% of issued shares) with a maximum of 20.4 million for either raising cash to fund capital investment or obtaining financing for capital investment. Again they say the board has no intention of exercising these authorities if approved but it's desirable to have readily available to take advantage of possible opportunities.Has this spooked the market?

[disc0dave45] 19/6/2023 18:40

Only just read the AGM resolution 6 - acquisition of shares by stockholder holding more than 30%So Alex could if approval is granted buy more shares without any obligation to bid for the company.However, it also says: Mr Nichiporchik and concert parties do not have a present intention to purchase additional shares of common stock, as contemplated by this resolution 6. However, the board considers it in the best interests of the company to seek stockholder approval prospectively so that Mr Nichiporchik and concert parties May take advantage of opportunities to increase their holding when and if such opportunities are presented"So let's see if a 80% discount to the 2021 placing price is deemed an opportunity!

[hatfullofsky] 19/6/2023 18:32

Odey wasn't involved here was he, could be liquidating positions